Harlem Commonwealth Council Inc

Analysis

Harlem Commonwealth Council Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harlem Commonwealth Council Inc reported income of $1.2m and spending of $545k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+4.4%), an average of +1.1% a year. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harlem Commonwealth Council Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include The Childrens Center at Farmingdale State University of New York ($1.2m), Habitat for Humanity International Inc ($1.2m) and Bow Collective ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $106k (19% of expenses). Other salaries and wages came to $294k. At year end it held assets of $14.8m against liabilities of $2.0m, net assets of $12.7m.